CME Group disciplines Deutsche Bank AG London branch for trading violation LeapRate

December 12, 2023 BY Elizabeth Anderson

CME Group disciplines Deutsche Bank AG London branch for trading violation

The CME panel's investigation uncovered that on 8th June and 9th June 2022, DBAG London was utilising an automated trading system (ATS). This system executed numerous conflicting buy and sell orders on behalf of a single account across three distinct futures markets: June 2022 New Zealand Dollars Futures (Non-inverted CME FX Link Spreads), Swiss Franc…

December 07, 2023 BY Elizabeth Anderson

CME Group to launch new spot FX marketplace next year

CME Group has cemented its position as a leading global financial derivatives marketplace in recent years. It operates a range of trading markets, including mercantile exchanges in Chicago and New York. The new all-to-all spot FX marketplace will build on its existing infrastructure and expertise to deliver a feature-rich experience for customers. They will, for…

October 04, 2023 BY PureContent

CME Group (CME) posts second-best ever September and Q3 volumes

There was strength across various asset classes, with interest-rate products among those growing at an impressive rate. The standout performer was Ultra US Treasury Bond Futures, which soared to 308,238 contracts. There was also robust volume growth for SOFR futures (+44%) and options (101%). However, last year’s record-setting September meant a year-over-year decline for a…

June 30, 2023 BY Steffy Bogdanova

CME Group introduces Ether/Bitcoin ratio features

He added: With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an…

April 05, 2023 BY Steffy Bogdanova

CME Group hits record high ADV in March and Q1

March Performance During last month, Interest Rate ADV increased 40% on yearly basis The Group saw record numbers of contracts traded in March with Secured Overnight Financing Rate (SOFR) futures reached a record ADV of 5,158,969 contracts on 9 March. The marketplace’s SOFR options ADV hit at a record 2,943,422 contracts on the same day.…

March 31, 2023 BY Steffy Bogdanova

Tim McCourt appointed as CME Group’s Global Head of Financial & OTC Products

CME Group Chairman and Chief Executive Officer Terry Duffy said: We appreciate the leadership Sean provided over the past decade for our financial products businesses, which included the successful migration to SOFR derivatives that now serve as the leading tool for hedging short-term interest rates. We are fortunate to have Tim McCourt, who has extensive…

March 10, 2023 BY Steffy Bogdanova

CME Group reports FX futures and options reach new single-day volume record

Furthermore, blocks and exchange for related positions (EFRP) transactions traded a record 274,000 contracts on 8 March, 23% above than the previous record set in December 2022. Paul Houston, Global Head of FX Products, CME Group, said: We are pleased to see strong momentum in our FX futures and options products as our clients turn…

January 16, 2023 BY Steffy Bogdanova

CME Group sees record 7.56 million SOFR futures and options contracts on 12 January

Additionally, the derivatives marketplace operator also reported that average daily volume (ADV) of SOFR futures and options traded reached 4.7 million contracts in the first two weeks of January. CME Group stated in the official press release: Month-to-date January 2023 SOFR futures ADV is equivalent to 572% of Eurodollar futures ADV and SOFR options ADV…

January 05, 2023 BY Steffy Bogdanova

CME Group sees a 19% jump in ADV in 2022

The Group stated: ADV outside the United States increased 15% to 6.3 million contracts, including 30% growth in Latin America, 27% in Asia, and 10% in EMEA. Q4 and December 2022 During the fourth quarter of 2022, CME Group recorded Equity Index ADV increase of 26% and a forex ADV jump of 25%. Additionally, SOFR…

December 02, 2022 BY Steffy Bogdanova

CME Group and CF Benchmarks announce plans to launch new DeFI reference rates

CME CF Reference Rates and Real-Time Indices include Aave, Curve and Synthetix. The new benchmarks will ger pricing data from several crypto exchanges and trading platforms, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital. Each coin will trade on a minimum of two of these constituent exchanges. Sui Chung, CEO of CF…

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